Risk markets are showing signs of strain. Equities have softened, crypto has pulled back, and volatility is edging higher. Galaxy Trading’s Beimnet Abebe joins to discuss what may be driving the shift, from stretched momentum in gold, silver, and AI names to renewed U.S.–China trade uncertainty and tighter liquidity conditions. While near-term caution is warranted, longer-term structural trends, including AI, may continue to support risk assets.